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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1101 Bay St Eustis, FL 32726-2859

    • Outlet malls
    • 10,964 SF
    • 1.67 lot acres
    OFF-MARKET
    Value Estimations
    $2,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2151981
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dollar General / Discount Store
    • Western Union / Bank / Credit Union

    Property Details for 1101 Bay St

    Year built
    2012
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.67 lot acres
    Property size
    10,964 SF
    Property type
    Outlet malls
    APN
    02-19-26-0600-001-00000
    APU
    21926060000100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,658,000
      Market price range: $979k - $3.71M
      AI Estimate
      $2,658,000
      Market price range: $979k - $3.71M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,590,000
      Current use
      COMMERCIAL (GENERAL)
      $3,810,000
      Change: +47% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,220,000
      Change: +24% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,565,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6861
    Latitude
    28.8643
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,384
    $0.00
    $0.00
    $1,169,099
    -
    $629,002
    $540,097
    $1,169,099

    Comparable in this City

    • Value Estimation
      $1,805,000
      9,244 SF

      45 Stevens Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,244 SF
      45 Stevens Ave, Eustis, FL 32726-4700
      View Details
    • Value Estimation
      $1,740,000
      8,505 SF

      1309 Orange Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,505 SF
      1309 Orange Ave, Eustis, FL 32726-4346
      View Details
    • Value Estimation
      $1,685,000
      9,298 SF

      2640 Orange Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,298 SF
      2640 Orange Ave, Eustis, FL 32726-4408
      View Details
    • Value Estimation
      $3,360,000
      10,336 SF

      1800 Hwy 19

      WHOLESALE OUTLET, DISCOUNT STORE • 10,336 SF
      1800 Hwy 19, Eustis, FL 32726-2600
      View Details
    • Value Estimation
      $12,785,000
      81,586 SF

      445 Plz Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 81,586 SF
      445 Plz Dr, Eustis, FL 32726-6523
      View Details
    • Value Estimation
      $9,960,000
      16,511 SF

      2864 David Walker Dr

      MINI-MALL • 16,511 SF
      2864 David Walker Dr, Eustis, FL 32726-6172
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,722 SF

      Eustis Retail Redevelopment Opportunity

      Strategic location with redevelopment potential for retail or medical facility.
      351-355 Us Highway 441, Eustis, FL 32726
      View Details
    • $6,000,000
      35,722 SF

      Triangle Plaza: Eustis Retail Center

      Eustis, FL shopping center, high ROI potential.
      355 Plaza Dr, Eustis, FL 32726
      View Details
    • $289,999
      1,786 SF

      Eustis Retail Space - High Traffic Area

      Prime Retail Location, High Visibility, Investment Opportunity
      400 Grove St, Eustis, FL 32726
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    • $249,999
      1,717 SF

      Turnkey Salon with Real Estate

      Operating beauty salon with real estate for sale in EUSTIS.
      1430 Morin St, Eustis, FL 32726
      View Details
    • $495,000
      3,168 SF

      168 sq Ft Building with High Ceilings with an Open Floor Plan make the Building feel Huge ! The Building operates 2 businesses currently out of the property . The Building has multiple walk in coolers

      Huge Office Space
      114 Magnolia Ave, Eustis, FL 32726
      View Details
    • New
      $700,000
      1.64 Acres

      EUSTIS Mixed-Use Commercial Land Opportunity

      Rare 1.64-acre mixed-use parcel near Mount Dora.
      Gables Dr, Eustis, FL 32726
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Eustis Retail Space For Lease

      Retail space available in Lake Hills Plaza, Eustis, Florida.
      2800-2812 S Bay St, Eustis, FL 32726
      View Details
    • Contact for pricing
      6,000 SF

      Eustis Retail Space For Lease

      Retail space available in high-traffic Eustis shopping center.
      2830-2840 S Bay St, Eustis, FL 32726
      View Details
    • Contact for pricing

      Retail Space in Eustis, Florida

      Retail property at a prominent intersection near major retailers.
      2864 David Walker Dr, Eustis, FL 32726
      View Details
    • Contact for pricing
      2,572 SF

      Former Restaurant Space Available

      2,572 SF former restaurant space for lease.
      1901 Highway 19 N, Eustis, FL 32726
      View Details
    • $42,000

      Eustis Commercial Space For Rent

      Flexible commercial space with showroom, offices, and fenced lot.
      2044 Orange Ave, Eustis, FL 32726
      View Details
    • Contact for pricing
      1,644 SF

      Move-in Ready Retail Space

      1644 SF retail space with ideal floor plan.
      2 Eustis St, Eustis, FL 32726
      View Details
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    1101 Bay St
    Eustis, FL 32726-2859
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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